I do like the stock but not the CFO. I do like Nexbis' technology but not their communication.
That statement encompasses what is so right and so wrong about the company. Happy/sad I am!
Without the Malaysia contract the stock is still on a PE ratio of 3. Stock is cheap but fundamentals count for little in a market driven by sentiment. Sentiment pushed banks' share prices to less than 8 PE. Opposing sentiment is now driving the banks and mining cos like bhp or rio to PEs of 15-20. Bank share prices have exceeded their pre-GFC highs, even after share price dilution.
Dodgy communication makes for a dodgy sp. All the negative sentiment is reflected in the SP.
NBS Price at posting:
33.3¢ Sentiment: Hold Disclosure: Held